ICX Potential Long!Hi,
I believe that ICX is on the verge of a breakout in the coming days! I am waiting for the daily MACD to cross and the triangular breakout to the upside to be confirmed. So far its looking quite bullish consolidating in its triangle in the 4hrly, 1hrly and daily timeframes. This might be due to the potential reversal from BTC.
ICXUSDT trade ideas
Icon ICXUSDT - Head and Shoulders + Symmetrical triangle- Icon (ICX) Rank 77 on coinmarketcap is increasing every week.
- South Korea government use ICON coin as enterprise adoption and solutions.
- Market Cap $1,166,202,128 ### 24h volume $101,688,807 ### Max Supply: Infinite.
- The price is above the HaS neckline and currently forming symmetrical triangle - bullish continuation pattern.
- Expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - For more information, please check my signature below ↓
- 3th Elliott impulse wave is now in progress, we do not really know, how strong the 3rd wave is going to be.
- Profit target is below ATH level, but of course, after a retracement - I am expecting new all time highs!
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ICON (ICX) Touching Support. Ready to launch or will it fall? We are touching and testing the 38% fib + monthly structural zone. If and only if the area is treated as support with confirmation buy otherwise see a fall to he 78% zone. The targets are based on fib extensions and have 100% - 500% return target points.
ICXUSDT (ICON) - POTENTIAL BREAKOUT ANALYSIS 🔎
- ICXUSDT is consolidating in a symmetrical triangle (ST) pattern .
- A relatively big move is imminent.
- There's a breakout potential.
BUY ENTRY ⬆️
- Conservative entry : breakout above the symmetrical triangle's inclined resistancenamd horizontal resistance level (R1).
- Aggressive entry : market price.
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
ICX/USDT can increase!Hi every one
ICON / TETHERUS
the ICX/USDT is in a symmetrical triangle which is about to break if the upward breakout happens (which is more likely) we shall see a good pump in the price which will be as much as the measured price movement.(AB=CD)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck